iShares U.S. Tech Independence Focused ETF (BATS:IETC) Short Interest Update

iShares U.S. Tech Independence Focused ETF (BATS:IETC) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 9,352 shares, an increase of 914.3% from the May 14th total of 922 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 60,821 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On iShares U.S. Tech Independence Focused ETF

Large investors have recently bought and sold shares of the company. Harbour Investments Inc. boosted its stake in shares of iShares U.S. Tech Independence Focused ETF by 219.8% in the fourth quarter. Harbour Investments Inc. now owns 291 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of iShares U.S. Tech Independence Focused ETF by 688.9% during the 3rd quarter. IFP Advisors Inc now owns 355 shares of the company’s stock worth $36,000 after buying an additional 310 shares during the last quarter. Capital Analysts LLC acquired a new stake in iShares U.S. Tech Independence Focused ETF during the fourth quarter worth $36,000. Sound Income Strategies LLC raised its holdings in iShares U.S. Tech Independence Focused ETF by 48.8% in the 4th quarter. Sound Income Strategies LLC now owns 442 shares of the company’s stock valued at $45,000 after buying an additional 145 shares during the period. Finally, CIBC Private Wealth Group LLC purchased a new stake in shares of iShares U.S. Tech Independence Focused ETF in the 3rd quarter valued at approximately $64,000.

iShares U.S. Tech Independence Focused ETF Stock Down 2.5%

BATS:IETC opened at $104.15 on Thursday. iShares U.S. Tech Independence Focused ETF has a 52 week low of $84.32 and a 52 week high of $118.70. The stock’s 50-day moving average price is $103.19 and its 200-day moving average price is $99.37. The stock has a market capitalization of $749.88 million, a PE ratio of 37.47 and a beta of 1.18.

iShares U.S. Tech Independence Focused ETF Company Profile

The iShares Evolved U.S. Technology ETF (IETC) is an exchange-traded fund that is based on the MSCI USA IMI Information Technology index. The fund is an actively managed fund of US stocks in the information technology sector according to an alternative classification system defined by machine learning algorithms. The market cap-weighted fund targets an increased exposure to firms with high Technology Independence Score. IETC was launched on Mar 21, 2018 and is managed by BlackRock.